Abbey National Home Insurance: offer tailor made cover

http://www.abbey.com/

Abbey National home insurance is a significant presence in the market. One potential advantage to Abbey policies is the room they give for tailoring cover: if you take out buildings and contents insurance you can set the exact amount of cover or choose unlimited provision. There’s also the opportunity to spread payments with no extra charge. You can, subject to conditions, obtain a quote online (www.abbey.com) and there’s a discount if you buy an Abbey National home insurance policy over the internet. As always when considering insurance policies, do as much research as you can and read the policy documents carefully before you decide on a provider or type of cover.

Abbey National: well established and experienced

Until the start of the decade mortgage providers could insist that customers bought home insurance with them to qualify for certain deals. The argument of the lenders – which included most of the big banking names and quite a few smaller ones – was that they were able to offer better mortgage rates because of the extra revenue from the compulsory tie-in insurance packages. That argument raises the immediate question from a consumer’s point of view as to whether there is ever such a thing as a free lunch… in any case the Department of Trade and Industry seemed to think not, since they decided to ban the practice in 1999. Now the idea is that consumers have a completely free choice as to where and what kind of policy they take out and everyone has to work harder to remain competitive. Nonetheless it’s important in the insurance market to remember that the bells and whistles which accompany new entrants are not always sustained once they ‘have’ you: premiums may rise after a couple of years. There might be something to be said for the policies of a well established and experienced providers – a description Abbey National home insurance would qualify for.

 

 

 

 

 

 

© AskFinancially.com 2008

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